-TheWire.in The Indian farmer is not just a poor, helpless victim who deserves a waiver because he cannot pay. The root cause of the debt trap is that his income has not increased with rising expenditure due to state policies. As Punjab joins the list of states to declare farm loan waivers, the political scales are now heavily tilted in favour of this idea. The government of Telangana, followed by Andhra Pradesh,...
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Maharashtra farmers seek blanket waiver sans riders -Abhiram Ghadyalpatil
-Hindustan Times Representatives of Maharashtra farmers have sought a blanket crop loan waiver for all farmers, saying waivers must not be limited to those who have been repaying their Loans Mumbai: Representatives of Maharashtra farmers have sought a blanket crop loan waiver for all farmers, saying waivers must not be limited to those who have been repaying their Loans. A steering committee of leaders and activists from the state said this at a...
More »Marathwada farmers face bleak sowing season -Atul Deulgaonkar
-VillageSquare.in Although the Maharashtra government has announced a loan waiver, deeply indebted farmers of Marathwada still do not know how they will get the money to buy farm inputs this sowing season ahead of the monsoon Latur (Maharastra): Barma Mind of Gangapur village in Latur district is a small farmer with 4.5 acres of land. He had taken a loan of Rs 54000 from an agriculture cooperative society in April 2015. Much...
More »The roots of rural distress -Manas Chakravarty
-Livemint.com Forgiving farm Loans is no solution. The data shows there’s a far more fundamental problem—most agricultural households are unable to keep body and soul together. There’s nothing new about rural distress. Nor is it surprising. If the income of almost 70% of farm households is less than their consumption expenditure, according to the government’s own data, then it’s obvious they’ll be “distressed”. Yet that’s the inescapable conclusion from the National Sample...
More »Punjab 3rd state to waive farm Loans, to take Rs 24,000 crore hit
-The Times of India CHANDIGARH: The farm loan waiver fever is spreading across the country, threatening to place a huge additional burden on the already creaking finances of state governments. On Monday, Punjab became the third state this year — after UP and Maharashtra — to announce a total waiver of all crop Loans up to Rs 2 lakh for small and marginal farmers (up to 5 acres) and a flat Rs...
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